Tips for Avoiding Scams, as a Buyer:
- Discuss details of the boat by phone in addition to email or online so you speak with the person selling the boat.
- Get a landline number for the seller and verify that the phone number given matches the physical location of the boat listed.
- Ask for the boat's exact location and HIN number (Hull Identification Number) and do a quick web search on the boat's name, part of the boat's description, and/or HIN number.
- Be more cautious of sellers using free email accounts as these can be used by overseas scam-artists and then discarded as they are reported; Notice poor grammar, lack of knowledge of local geography, incorrect location names, made-up or incorrectly formatted names, and numerically- or otherwise-generated throw-away email addresses as easy but usually correct indications of a scam attempt.
- Use extreme caution when buying a boat located a long distance from your location. Since this website is available to people around the world, we allow boats to be listed from around the world. However, buying a boat that is located a great distance from you increases the risk to you exponentially. Is it never a good idea to buy a boat without viewing it in person before any money changes hands. Only consider ads for boats that you can view in person. Avoid internet scams involving overseas boats or overseas sellers by only considering boats that you can survey and view in person.
- After discussing the details, have the boat surveyed before any money changes hands. View the boat in person, or at the very least, have a qualfied and trusted friend acting as your agent inspect the boat on your behalf.
- Please always use good judgment and due diligence when considering the purchase of a boat; it is the buyer's duty to inspect a boat prior to purchase or to have it surveyed or to have a broker act on their behalf.
- Never wire funds via western union, moneygram or any other wire service.
- Avoid scams where a seller wants you to pay or overpay any third party where part of the payment will then be rebated to the seller - this would almost always represent a scam.
- Never give out personal financial information (bank account number, social security number, ebay/paypal info, etc.)
- Never give a deposit on a boat sight-unseen.
- Always physically inspect the boat before any money ever changes hands.
Tips for Avoiding Scams, as a Seller:
- Never give your password to anyone.
PowerboatListings.com will never ask you for your password. Any such request is a phishing attempt.
Always logon only at www.powerboatlistings.com (click post an ad for new or existing user logon to post a new boat or modify your existing boat ad) - never enter your credentials on any other website/domain name which may be a phishing site.
- Be careful of fake cashier checks & money orders which are common. Unfortunately banks will cash them and then hold you responsible a week or more after the fact when the fake cashier's check or money order is discovered to be fraudulent.
- Requests to overpay for the boat and have excess money returned or given to a shipping company are almost always fraudulent -- never do this without consulting with your bank first. 99.9% of such requests represent an attempt at fraud; the scam is that the "buyer" sends you a fraudulent cashier's check, check, or money order, gets you to pay a part of it to either them or a third party which gives them the money, and then when the larger payment is discovered to be fraudulent and reversed by the bank, you are left out the money that was returned or given to the third party.
- Please always use caution and your best judgment if presented with a deal which doesn't seem logical, and be sure to talk with your bank to be sure all checks and transactions have been completed, cleared, and verified before releasing any property.
- Be especially careful of any transactions from overseas where such transactions might be reversed after some time due to fraud.
- Notice poor grammar, lack of knowledge of local geography, incorrect location names, made-up or incorrectly formatted names, and numerically- or otherwise-generated throw-away email addresses as easy but usually correct indications of a scam attempt.
- Be very careful of buyers or sellers using free email addresses (hotmail, yahoo, etc.)
- Look at the IP address included with the contact form, or the headers of the email, and use the www.arin.net whois to get a location of that IP address and see if it matches up with where the buyer says he is located (e.g. an IP that is assigned to Africa with a buyer that say's he is in Florida is a clear indication of a fraud attempt; likewise an IP address that is an open proxy most often indicates someone attempting a fraudulent communication)
- Contact the buyer or seller by (non-cell) landline phone as well as online to help confirm their identity.
- Always be sure payment is legitimate and that it has fully cleared and is non-fraudulent before releasing any property.